In order to quickly build a platform for heavy construction machinery industry, Foton Motor intends to acquire the assets of its special vehicle business (including its wholly-owned subsidiary, Revo International) from Foton Heavy Machinery through a debt-taking asset acquisition, as well as the corresponding assets of the acquisition and purchase assets. Liabilities. The company stated that the acquisition will use all its own funds and the transaction price will be 480 million yuan. The acquisition is expected to achieve a net sales revenue of 42.7 billion yuan from 2010 to 2015, which will create a total profit of 5.6 billion yuan for the company. According to the announcement, after the completion of the acquisition, the total assets of Foton Motor increased by 128 million yuan and the total liabilities increased by 128 million yuan. The debt ratio rose from 78.99% to 79.14%, and the current ratio changed from 0.99 to 0.96. After the acquisition, Foton Motor will establish the “ Xuhua Foton Motor Co., Ltd. Xuanhua Plant†in Zhangjiakou as the contractor for the acquisition of the special-purpose vehicle business. At the same time, the company will also register in Beijing Changping Automobile Co., Ltd. Beijing Beifang Foton Motor Co., Ltd. Beijing Heavy Machinery The branch company, as a platform for heavy construction machinery industry, unifiedly manages the Foton Automotive Heavy Machinery business and the operation and management center of the special vehicle business after the acquisition. Nitrogen Generator For Food Packaging Nitrogen Generator For Food Packaging,Nitrogen Generator Eco-Friendly,Nitrogen Laser Generator,Psa Nitrogen Laser Generator Jiangsu Minnuo Group Co.,Ltd , https://www.mnuogroupcn.com